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Search Result for “oil and gas”

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WORLD

Myanmar to restrict private vehicle use as fuel shortages emerge

Bloomberg News, Published on 04/03/2026

» NAY PYI TAW — Myanmar’s military government will impose limits on private vehicles starting Saturday to conserve fuel as disruptions to Middle East shipping routes threaten the country’s energy supplies.

THAILAND

IRPC & TOA Paint Launch IBIC for Industrial Coatings, Elevating Thai Industry.

Published on 04/03/2026

» Terdkiat Prommool, President and Chief Executive Officer of IRPC Public Company Limited (right), and Dr Worawut Chaiyosburana, Chief Executive Officer of Beger Co Ltd (left), signed a joint venture agreement to establish IBIC Co Ltd (IBIC) to operate a business in industrial steel-structure paints and coatings. The signing ceremony was presided over by Prasong Intaranongpai, Senior Executive Vice President, Downstream Petroleum Business Group Alignment, PTT Public Company Limited (centre), at the Suanson Room, Energy Complex Building B, Bangkok.

BUSINESS

Local fuel prices capped for 15 days

Yuthana Praiwan, Published on 04/03/2026

» Prime Minister Anutin Charnvirakul said on Wednesday that people do not need to stockpile fuel as prices would be capped for the next 15 days.

BUSINESS

Thai business group keeps 2026 GDP growth forecast at 1.6% to 2.0%

Reuters, Published on 04/03/2026

» A leading ​business group maintained ​its forecast ‌for Thailand's economic growth this year at 1.6% to 2.0%, but ​said ⁠on Wednesday a prolonged conflict in the ‌Middle East would hit activity.

THAILAND

Businesses warned against unjustified price hikes

Post Reporters, Published on 04/03/2026

» Businesses have been cautioned not to exploit the uncertainty of the Middle East conflict by raising goods prices without justification.

BUSINESS

Gold advances as dip-buyers enter market despite dollar strength

Bloomberg News, Published on 04/03/2026

» SINGAPORE — Gold rose, erasing some of the losses in the previous session, as dip-buyers entered a market fraught with risk on the fifth day of war in the Middle East.

WORLD

Trump orders oil tanker insurance support, says Navy could escort ships in Gulf

Reuters, Published on 04/03/2026

» WASHINGTON: The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, ‌President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf.

WORLD

Beirut explosion, Qatar busts spy cells: Latest developments in Mideast war

AFP, Published on 04/03/2026

» WASHINGTON (UNITED STATES) - An explosion rocked the Lebanese capital and Israel said it was launching a new overnight wave of strikes on Iran, as the war engulfing the Middle East continued into Wednesday.

WORLD

Will US oil companies be the big winners from the Iran war?

AFP, Published on 04/03/2026

» NEW YORK - Energy prices have surged dramatically since the United States and Israel launched their attack on Iran on Saturday, and that will almost certainly translate into bigger profits.

BUSINESS

Investors urged to buy gold and oil

Business, Nuntawun Polkuamdee, Published on 04/03/2026

» Thailand's leading asset managers are recommending investors increase their exposure to gold and oil as geopolitical tensions in the Middle East intensify, while the country's securities regulator says it is monitoring market stability amid heightened volatility.